Examlex
Kyle has a diagnosed learning disability but receives instruction in a regular classroom. This is an example of
Marginal Social Cost
The cost to society of producing one additional unit of a good or service, incorporating both the private costs and any external costs.
Consumer Surplus
The gap observed between the consumer's desired price for a good or service and the price that is actually paid.
Marginal Benefit
The extra benefit or pleasure that someone receives from using an additional unit of a specific good or service.
Marginal Cost
The increase in cost resulting from the production of one additional unit of a good or service.
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